Coastline Fixed Rate Investment Loan
Fixed rateRedraw
A home loan from Coastline with fixed rates from 6.45% a year.
- Interest rate a year, from
- 6.45%
- Comparison rate
- 6.64%
- Upfront fees
- $2,090
- Annual fee
- Not published
- Monthly fee
- $8
Monthly repayment
$600,000 over 30 years
What it would cost
At the lowest rate of 6.45% (1 year fixed, investment, principal and interest), including the monthly fee. The rate you are offered depends on your deposit and the loan you choose, and upfront fees are not included.
- Monthly repayment
- $3,781
- Total repayments
- $1,361,052
- Interest and monthly fees
- $761,052
Rates
Every rate Coastline publishes for this loan. LVR is the loan as a share of the property's value: 80% for a 20% deposit.
| Rate | Property | Repayments | LVR | Interest rate | Comparison rate |
|---|---|---|---|---|---|
| 1 year fixed | Investment | Principal and interest | Up to 60% | 6.45% | 6.64% |
| 1 year fixed | Investment | Principal and interest | 60% to 80% | 6.49% | 6.65% |
| 1 year fixed | Investment | Principal and interest | Over 80% | 6.74% | 6.67% |
| 2 year fixed | Investment | Principal and interest | Up to 60% | 6.54% | 6.66% |
| 2 year fixed | Investment | Principal and interest | 60% to 80% | 6.54% | 6.66% |
| 2 year fixed | Investment | Principal and interest | Over 80% | 6.79% | 6.71% |
| 3 year fixed | Investment | Principal and interest | Up to 60% | 6.59% | 6.68% |
| 3 year fixed | Investment | Principal and interest | 60% to 80% | 6.59% | 6.68% |
| 3 year fixed | Investment | Principal and interest | Over 80% | 6.84% | 6.75% |
Comparison rates are for an example loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Fees and features
Fees
- Upfront fees
- $2,090
- Annual fee
- Not published
- Monthly fee
- $8
Features
- Offset account
- No
- Redraw
- Yes
- Highest LVR
- 95%
- Loan amount
- Not published
How it compares
Against the other home loans we compare, for a home you live in with a 20% deposit. Typical means the middle half of them.
Upfront fees
$2,090
Typical upfront fees are $600.
Smallest deposit
5%
Most loans need at least 10% of the price.
Pros and cons
Pros
- Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
- Redraw. You can take back extra repayments later if you need the money.
- No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
- Fixed rates on offer. You can fix for 1 to 3 years if you'd like repayments that don't change for a while.
Cons
- Higher upfront fees. $2,090, above the typical $600, which adds to the cash you need at settlement.
- No offset account. Your savings can't reduce the interest unless you pay them into the loan.
- A $5 late payment fee. Setting up automatic repayments avoids it.